Divisible Office
1 Pleasant, Framingham, MA 01701
For Sale
Contact for pricing
Flexible office configuration with private-lot parking and Route 9 signage availability.
Property Size1,900 SF
Price / SF$0.01
Days on Market64
Property Features for 1 Pleasant
General Information
Standard status
Size
Additional Details
Road Access
Amenities
Route 9 signage
Building Details
Year Built
Listing Agency:
Gordon Real Estate
(508) 370-3333
Listed By:
Jon Gordon · License MA #9538444
(508) 245-9728
Source:
Lockandkeyre
Added: Sep 11
Changed: Nov 12
Last Checked: Nov 12 at 7:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gordon Real Estate
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Investment Insights
Based on property information with market context.
This 1,900-square-foot office suite, built in 1924, supports multiple configurations and may be occupied as a full suite or divided into smaller offices. Available configurations include 430, 520, and 850 square feet, providing flexibility for different space requirements. The suite overlooks Route 9 and Framingham State University, with signage available along the route.
The property is positioned in Framingham Centre, opposite Framingham State University, and includes on-site parking in a private lot. Restaurants and the historic town common are located within the surrounding historic neighborhood.
The property is positioned in Framingham Centre, opposite Framingham State University, and includes on-site parking in a private lot. Restaurants and the historic town common are located within the surrounding historic neighborhood.
Key Highlights
- 1,900‑square‑foot office suite built in 1924
- Divisible into 430, 520, and 850 SF office configurations
- Overlooks Route 9 and Framingham State University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,288
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,760
$1.2M
Cap Rate 7%
$861,257
$861.3K
Cap Rate 9%
$669,867
$669.9K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$103.1K $54.24/SF
− Vacancy
−$22.7K −$11.93/SF
EGI
$80.4K $42.31/SF
− OpEx
−$20.1K −$10.58/SF
NOI
$60.3K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,760
Cap Rate 7%
$861,257
Cap Rate 9%
$669,867
Alternative Uses
Best Use
Office B
$861.3K
$753.6K – $1.00M
NOI $60,288 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$984.2K – $1.31M
NOI $78,736 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
Explore this area
Business Placement
Demographics for 01701, MA
33,005
Population
13,131
Households
2.5
Avg Household Size
44
Median Age
61%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
1,953
Density / Sq Mi
$127,000
Median Household Income
$69,672
Median Earnings
$1,973
Median Rent
$612,600
Median Home Value
Market
Average Price Trend$/SF for Office Units in Middlesex County, MA
Properties on Market for Office Units in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office configuration with private-lot parking and Route 9 signage availability.
Where is this office unit located?
The property is located at 1 Pleasant Framingham, MA.
What are key features of this property?
This property features: 1,900‑square‑foot office suite built in 1924; Divisible into 430, 520, and 850 SF office configurations; Overlooks Route 9 and Framingham State University
